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Home My WebLink AboutDDA Legislation-SUBTHIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. (RESOLUTION NO. 027/2017 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY ("MIAMI DDA") OF THE CITY OF IVIIAMI, FLORIDA AUTHORIZING THE EXECUTIVE DIRECTOR TO ESTABLISH A PROPOSED MILLAGE RATE FOR THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018 AT 0.4681 MILLS. WHEREAS, Section 200,065(2Xa)l, Florida Statutes (2010) ("Statute"), requires each taxing authority to establish a proposed millage race; and WHEREAS, the Statute stipulates that the proposed millage rate be submitted to the Mimi -Dade County Property Appraiser and the Tax Collector; and WHEREAS, the proposed millage rate reflects the levy necessary to realize property tax revenues anticipated in the Fiscal Year 2017-20I8 Budget for the Downtown Development Authority of the City of Miami, Florida ("Miami DDA"); and WHEREAS, the Statute requires that the proposed tax rate be included on tax notices; and WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but necessary for the purpose of preparation of tax notices. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORTIY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals are true and correct and are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The Miami DDA Board of Directors hereby authorizes the Executive Director to establish a proposed millage rate for the Downtown Development District of the City of Miami, Florida for the Fiscal Year beginning October 1, 2017 and ending September 30, 2018 at 0.4681 mills. Section 3, The Executive Director of the Miami DDA is instructed to submit said proposed rate for the Downtown Development District of the City of Miami, Florida to the Miami -Dade County Property Appraiser and Tax Collector. PASSED AND ADOPTED this 21' day of July, 2017. My M. Robertson, Executive Director ST. aray Secre : to the t oard of Directors s-9- f i A -} 1- SL' THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. RESOLUTION NO. 028/2017 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY ("MIAMI DDA") OF THE CITY OF MIAMI, FLORIDA APPROVING THE PRELIMINARY ANNUAL BUDGET OF THE DDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018; REQUESTING THAT THE MIAMI CITY COMMISSION ESTABLISH THE MILLAGE TO SUPPORT THE FINANCIAL REQUIREMENTS OF THE BUDGET; AUTHORIZING THE EXECUTIVE DIRECTOR OF THE MIAMI DDA TO EXPEND FUNDS FOR THE I3UDGET; DIRECTING THE EXECUTIVE DIRECTOR TO FILE A DETAILED STATEMENT OF THE PROPOSED EXPENDITURES AND ESTIMATED REVENUES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018 WITH THE CITY CLERK OF THE CITY OF MIAMI AFTER ADOPTION AND ESTABBLISHMENTT OF THE MILLAGE BY THE MIAMI CITY COMMISSION; AND FURTHER PROVIDING THAT A COPY OF THIS RESOLUTION BE FILED WITH THE CITY CLERK OF THE CITY OF MIAMI. WHEREAS, the Miami Downtown Development Authority ("MIAMI DDA") of the City of Miami, Florida has prepared aprelirninary budget for the Fiscal Year beginning October 1, 2017 and ending September 30, 2018; and WHEREAS, the Board of Directors of the Miami DDA has reviewed said budget, said budget being based on the Estimated Tax Roll provided by Miami -Dade County; and WHEREAS, the Board of Directors of the Miami DDA finds that the proposed budget is necessary in order to further the objectives of the Miami DDA, as authorized by the Code of the City of Miami, Florida, as amended; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals are true and correct and are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The preliminary budget of the Miami DDA, as submitted by the Executive Director, is made part ofthis Resolution and is hereby approved and shall be known as the "Annual Budget of the Miami Downtown Development Authority: Fiscal Year October 1, 2017 through September 30, 2018". Section 3. The following appropriations for the Fiscal Year beginning October I, 2017 and ending September 30, 2018 are hereby made for the purpose of financing the operation and other legal and proper purposes of the Miami DDA: Page 1 of 2 THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. Revenue Sources Ad Valorem Tax Levy Other Revenue Total Sources Fund Eiaiances/Reserves Total Revenues and Balances GENERAL FUND 8,791, 683 165,000 8,955,683 2,984,000 11,940,683 Use of Funds Leadership, Advoiacy & Operations 1,276,000 Arts, Culture & Entertainment 1,058000 BuslneSs Development& Marketing Z220000 Quality of Life Z661,000 Urban Place making 1,694000 Transit, Connectivity & Mobility 1043 000 Tri-Rail Downtown Link 317,000 Subtotal _ 10,269,000 Fund Balances/Reserves 1,671,683 Total Uses 11,940,683 Section 4. The Miami City Commission is requested to adopt said preliminary budget and establish the millage, authorized by law, to support the financial requirements of this budget. Section 5. The Executive Director of the Miami DDA is authorized to expend funds, including new salary rates, as provided in said budget, after adoption and establishment of the millage by the Miami City Commission, upon the first day of the 2017-2018 Fiscal Year, October 1, 2017_ Section 6, The Executive Director of the Miami DDA is directed to prepare and file with the City Clerk of the City of Miami, Florida a detailed statement of the proposed expenditures and estimated revenues for the Fiscal Year 2017-2018, which shall be entitled "Annual Budget of the Miami Downtown Development Authority: Fiscal Year October 1, 2017 through September 30, 2018". Section 7. A copy of this Resolution and the attachment shall be filed with the City Clerk of the City of Miami, Florida after adoption of the millage by the Miami City Commission. A`I1 ST: K� avill Sec terry tie Board of the Directors PASSED AND ADOPTED this 21't day ofd}}ly, 2017. Page 2 of 2 ner Ken Russell, Chairman lyce +I. Robertson, Executive Director SUBSTITUTED RESOLUTION NO. xxJ2017 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("MIAMI DDA"), AUTHORIZING THE EXECUTIVE DIRECTOR TO ESTABLISH A PROPOSED MILLAGE RATE FOR THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018 AT x.xxx MILLS. WHEREAS, Section 200.065(2)(a)1, Florida Statutes (2010) ("Statute"), requir-. each taxing authority to establish a proposed millage rate; and WHEREAS, the Statute stipulates that the proposed millage rate be sub ed to the Miatni-Dade County Property Appraiser and the Tax Collector; and WHEREAS, the proposed millage rate reflects the levy necessary to reize property tax revenues anticipated in the Fiscal Year 2017-2018 Budget for the Downtown Development Auth+ rty of the City of Miami, Florida ("Miami DDA"); and WHEREAS, the Statute requires that the proposed millage rat included on tax notices; and WHEREAS, the proposed millage rate submitted to the P .perty Appraiser is not binding but necessary for the purpose of preparation of tax notices; NOW, THEREFORE, BE IT RESOLVED BY HE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF IAMI, FLORIDA: Section 1. The recitals are true and coct and are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The Miami DDA Bo: d of Directors hereby authorizes the Executive Director to establish a proposed millage rate for the Downtow revelopment District of the City of Miami, Florida for the Fiscal Year beginning October 1, 2017 and ending eptember 30, 2018 at x.xxx mills. Section 3. The Executiv Director of the Miami DDA is instructed to submit said proposed millage rate for the Downtown Development 'r 'strict of the City of Miami, Florida to the Miami -Dade County Property Appraiser and Tax Collector. PASSED AND ADOPTED this 21st day of July, 2017. Commissioner Ken Russell, Chairman Alyce M. Robertson, Executive Director A ' EST: . Karry Maravilla, Secretary of the Board of Directors I SUBSTITUTED RESOLUTION NO. xx/2017 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY ("DDA") OF THE CITY OF MIAMI, FLORIDA, APPROVING THE PRELIMINARY ANNUAL BUDGET OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018, REQUESTING THAT THE MIAMI CITY COMMISSION ESTABLISH THE MILLAGE TO SUPPORT THE FINANCIAL REQUIREMENTS OF T BUDGET; AUTHORIZING THE EXECUTIVE DIRECTOR OF THE M DOWNTOWN DEVELOPMENT AUTHORITY TO EXPEND FUNDS FO BUDGET; DIRECTING THE EXECUTIVE DIRECTOR TO FILE A DE ILED STATEMENT OF THE PROPOSED EXPENDITURES AND ES ► • TED REVENUES FOR THE FISCAL YEAR BEGINNING OCTOBER 1 017 AND ENDING SEPTEMBER 30, 2018 WITH THE CITY CLERK OF CITY OF MIAMI AFTER ADOPTION AND ESTABLISHMENT OF T I ILLAGE BY THE MIAMI CITY COMMISSION; AND FURTHER PRO 'DING THAT A COPY OF THIS RESOLUTION BE FILED WITH THE CI ►' CLERK OF THE CITY OF MIAMI. WHEREAS, the Miami Downtown Development A ority (DDA) of the City of Miami, Florida has prepared a preliminary budget for the Fisca ear beginning October 1, 2017 and ending September 30, 2018; and WHEREAS, the Board of Directors of the ! DA has reviewed said budget, said budget being based on the Estimated Tax Roll provided . Miami -Dade County; and WHEREAS, the Board of Directo . of the DDA finds that the proposed budget is necessary in order to further the objec ' es of the Downtown Development Authority, as authorized by City Ordinance. NOW THEREFORE, be it rsolved by the Board of Directors of the Miami Downtown Development Authority of the Ci +f Miami, Florida: Section 1. The vitals are true and correct and are adopted by reference and incorporated as if fully set f. in this section. Section 2. he preliminary budget of the DDA, as submitted by the Executive Director, is made p. of this Resolution and is hereby approved and shall be known as the "Annual Budget o e Miami Downtown Development Authority: Fiscal Year October 1, 2017 through Septemb 30, 2018". Sec on 3. The following appropriations for the Fiscal Year beginning October 1, 2017 and -riding September 30, 2018 are hereby made for the purpose of financing the operation and of legal and proper purposes of the Miami Downtown Development Authority of the City of M. i, Florida, to wit: SUBSTITUTED Revenue Sources Ad Valorem Tax Levy Total Sources Fund Balances/Reserves Downtown Development Regional Impact (DRI) Funds Total Revenues and Balances Use of Funds Leadership, Advocacy &Operations Arts, Culture & Entertainment Business Development & Marketing Quality of Life Urban Placemaking Transit, Connectivity & Mobility Tri•Rail Downtown Unk Subtotal Fund Balances/Reserves Downtown Development Regional Impact DRI Expenditures Total Uses GENERAL FUND DRI Section 4. The Commission of the City of t i is requested to adopt said preliminary budget and establish the millage, authorize • by° law, to support the financial requirements of this budget. Section 5. The Executive Director of is authorized to expend funds, including new s adoption and establishment of the millage by the the 2017-2018 Fiscal Year, October 1, 2017. the iami Downtown Development Authority rates, as provided in said budget, after iami City Commission, upon the first day of Section b. The Executive Dir ctor of the DDA is directed to prepare and file with the City Clerk of the City of Miami, Flo - da detailed statement of the proposed expenditures and estimated revenues for the Fiscal Year 017-2018, which shall be entitled "Annual Budget of the Miami Downtown Development A lority: Fiscal Year October 1, 2017 through September 30, 2018". Section 7. A co • of this Resolution and the attachment shall be filed with the City Clerk of the City of Mi I, Florida after adoption of the millage by the City of Miami Commission. PASSED A ADOPTED this 21st day of July, 2017. Commissioner Ken Russell, Chairman Alyce M. Robertson, Executive Director EST: Karry Maravilla Secretary to the Board of the Directors